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Philippines-focused private equity firm ready to invest $87.1m fund

Navegar and 20 backers target food, health and education sectors

CEBU, Philippines -- Navegar, a Philippines-focused private equity firm, has made an initial close of its new fund at $87.1 million, with 20 investors committing to the vehicle, according to the fund's latest regulatory filing.

The new fund - Navegar II LP - will invest in middle-market, growth-oriented companies in the country, with a target investment size of up to $18 million.

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